Ocean West’s $100M Leap into California’s Logistics Property Market

By: Sharjeel Sohaib

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Nov 6, 2023

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  • Ocean West Capital Partners has acquired five logistics-focused properties totaling nearly $100 million.
  • The expansion adds 1.83 million square feet to their portfolio in California’s Inland Empire and Central Valley markets.
  • These properties, constructed in 2023, include a 921,729-square-foot industrial outdoor storage (IOS) portfolio.

El Segundo, Calif. – In a significant move, Ocean West Capital Partners (“Ocean West”) announced the acquisition of five logistics-focused properties totaling nearly $100 million. 

This strategic purchase expands their portfolio by 1.83 million square feet in California’s Inland Empire and Central Valley markets. These recent purchases feature a 921,729-square-foot industrial outdoor storage (IOS) portfolio, spanning four properties over 21.2 acres in the sought-after San Bernardino and Fontana submarkets. 

Constructed in 2023, these properties boast state-of-the-art improvements suitable for IOS uses, including 604 trailer stalls, new fencing, lighting, a 12,000-square-foot maintenance facility, and efficient layouts. Fully permitted for outdoor storage, including trailer storage, they are currently available for lease.

The Strategic Importance of the Inland Empire

The Inland Empire has emerged as a prime location in the IOS sector, attributed to its limited supply and proximity to significant logistics users and the Ports of Los Angeles and Long Beach. Ryan Tucker, Principal at Ocean West, emphasizes this, noting the acquisition aligns with the firm’s belief in the industrial sector’s long-term growth fundamentals.

The Faraday Future Facility: A Unique Investment

Ocean West’s venture does not end there. They have also closed an off-market sale-leaseback of a 908,000-square-foot, recently renovated advanced manufacturing facility in Hanford, CA. 

This facility, the manufacturing headquarters for luxury electric vehicle manufacturer Faraday Future, has been transformed into a state-of-the-art EV auto manufacturing plant. With 28,000 amps of power, this acquisition demonstrates Ocean West’s ability to source unique investment opportunities and navigate complex deal structures. 

Sam Hooker, another Principal at Ocean West, highlights their active search for similar opportunities to expand their industrial portfolio across the West Coast.

Ocean West’s Market Position and Growth Strategy

Since its formation in 2010, Ocean West Capital Partners has steadily grown its presence in the real estate sector. With over $7.1 billion in commercial real estate transactions and a combined experience of over 100 years among its principals, 

Ocean West is a full-service real estate investment, operations, and management platform. Their focus on creating long-term value for partners and investors has been a cornerstone of their strategy.

Future Outlook for Logistics Properties Investment

The logistics properties sector is poised for growth, particularly in areas like the Inland Empire and Central Valley. 

Factors such as e-commerce expansion, technological advancements in logistics and supply chain management, and the increasing demand for efficient distribution centers near urban hubs drive this growth. The strategic positioning of Ocean West’s recent acquisitions in these high-demand areas signals a savvy understanding of these market dynamics.

Wrap up

Ocean West’s latest acquisitions in California’s logistics sector represent more than just an expansion of its portfolio; they show the company’s strategic move to grow in the real estate market.Β 

As the logistics sector continues to evolve, Ocean West Capital Partners appears well-positioned to capitalize on emerging opportunities and contribute significantly to the sector’s overall development.

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